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Last C$0.07 CAD
Change Today +0.005 / 7.69%
Volume 2.2K
As of 12:09 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

african metals corp (AFR) Snapshot

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52 Week High
10/23/14 - C$0.29
52 Week Low
10/9/14 - C$0.03
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Current Stock Chart for AFRICAN METALS CORP (AFR)

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african metals corp (AFR) Details

African Metals Corporation, an exploration stage company, engages in the acquisition, exploration, and development of natural resource properties in the Democratic Republic of the Congo. The company focuses on the discovery and development of copper and cobalt deposits in the Katanga Copper Belt. It principally holds a 75% interest in the Luisha South project, which is located to the northwest of Lubumbashi, the Democratic Republic of the Congo. African Metals Corporation was incorporated in 1980 and is headquartered in Surrey, Canada.

Founded in 1980

african metals corp (AFR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

african metals corp (AFR) Key Developments

African Metals Corp. Reports Unaudited Consolidated Earnings Results for the Three Months Ended Aug. 31, 2014

African Metals Corp. reported unaudited consolidated earnings results for the three months ended Aug. 31, 2014. For the three months, the company reported net cash used in operating activities of CAD 6,436 against CAD 49,371 a year ago. Net loss for the period was CAD 26,851 against CAD 228,288 a year ago. Basic and diluted loss per common share was CAD 0.002 against CAD 0.002 a year ago.

African Metals Resumes Operations at Luisha South Mine Site

African Metals Corporation reported production at its' Luisha South Project has resumed with all workers returning to work. An initial four truckloads containing approximately 156 tonnes of low-grade copper ore have been delivered to Cimco's refinery adjacent to the Luisha South Project. This material, as drill tested previously by the Reverse Circulation drilling method, is expected to be in the range 2.75% to 3.25% copper. During this start up period the number of truckloads delivered will be gradually increased to provide approximately 400t per day of low grade ore deliveries to Cimco.

African Metals Corp. Proposes to Amend Articles

African Metals Corp. at the annual general and special meeting of the shareholders to be held on November 27, 2014 to consider and, if deemed appropriate, approve by special resolution, the alteration of the company's articles to include advance notice provisions, as more particularly set out in the section of the information circular accompanying this notice entitled ‘Particulars of Matters to be Acted Upon - Approval of Amendment to Articles to include Advance Notice Provisions'.


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